STERLING BANK PLC – Audited Financial Result for the Year Ended 31st December, 2016
Gross Earnings: 0.18% increase from N111.2bn to N111.4bn
Profit after Tax: 0.36% decrease from N5.18bn to N5.16bn (FY 2016 EPS, 18 kobo; FY 2015 EPS, 18 kobo)
NIGERIAN AVIATION HANDLING COMPANY PLC – Appointment of Non-Executive Director; Board Resolutions
Nigerian Aviation Handling Company Plc. has announced the appointment of Mr. Olorunfemi Tolulope Solomon Adeusi as a Non-Executive Director representing Lufthansa Airlines on its Board of Directors with effect from 23rd March, 2017. Olorunfemi replaced Mr. David Thomas on the Board.
The Company also announced that, at the meeting of its Board of Directors held on 29th March, 2017, issues relating to dividend were considered and approved, and it was decided that the next Annual General Meeting of the Company will hold in Abuja on 13th July, 2017.
IKEJA HOTEL PLC – Resignation of Chairman
Ikeja Hotel Plc. has announced the resignation of the Chairman of its Board of Directors, Mr. Goodie M. Ibru, with effect from 17th February, 2017. Goodie will however remain on the Board as a Non-Executive Director until 17th May, 2017 when he will retire.
TRANS-NATIONWIDE EXPRESS PLC – Audited Financial Result for the Year Ended 31st December, 2016
Turnover: 1% increase from N798.6m to N803.7m
Profit after Tax: 60% decrease from N51m to N20.2m (FY 2016 EPS, 10 kobo; FY 2015 EPS, 26 kobo)
Proposed Dividend: 2016: 5 kobo (2015: 10 kobo)
Proposed Bonus: Nil
Closure Date: 3rd – 7th July, 2017
AGM Date: 13th July, 2017
Payment Date: 14th July, 2017
AGM Venue: Airport Hotel, Obafemi Awolowo Way, Ikeja, Lagos.
ROYAL EXCHANGE PLC – Delay in Filing Accounts
Royal Exchange Plc. has announced that the release of its 2016 Audited Accounts will be delayed to a date not later than 28th April, 2017 due to the need to obtain the approval of the accounts of each of the 5 subsidiaries of the Company before consolidation.
AIICO INSURANCE PLC – Audited Financial Result for the Year Ended 31st December, 2016
Gross Premium Income: 188% increase from N10.4bn to N30bn
Profit after Tax: 756% increase from N1.2bn to N10.2bn (FY 2016 EPS, 147 kobo; FY 2015 EPS, 18 kobo)
Proposed Dividend: 2016: 2 kobo (2015: 5 kobo)